76,620 Shares in Samsara Inc. (NYSE:IOT) Acquired by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC purchased a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 76,620 shares of the company's stock, valued at approximately $3,687,000.

Several other hedge funds have also recently added to or reduced their stakes in IOT. Two Sigma Advisers LP raised its holdings in shares of Samsara by 102.9% during the 3rd quarter. Two Sigma Advisers LP now owns 687,100 shares of the company's stock valued at $33,063,000 after buying an additional 348,500 shares in the last quarter. Temasek Holdings Private Ltd bought a new position in Samsara during the third quarter valued at approximately $1,525,000. State Street Corp raised its stake in shares of Samsara by 4.7% during the third quarter. State Street Corp now owns 2,125,584 shares of the company's stock worth $102,283,000 after acquiring an additional 95,006 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Samsara by 11.6% in the 3rd quarter. Quadrature Capital Ltd now owns 19,570 shares of the company's stock worth $942,000 after acquiring an additional 2,031 shares during the last quarter. Finally, Investment Management Corp of Ontario purchased a new stake in shares of Samsara in the 3rd quarter valued at $332,000. Institutional investors own 89.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Morgan Stanley boosted their price target on shares of Samsara from $40.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. Bank of America increased their target price on Samsara from $45.00 to $47.00 and gave the company a "buy" rating in a report on Friday, September 6th. Evercore ISI lifted their price target on Samsara from $40.00 to $42.00 and gave the stock an "in-line" rating in a research note on Friday, September 6th. BMO Capital Markets increased their price objective on Samsara from $44.00 to $57.00 and gave the company a "market perform" rating in a research note on Friday. Finally, BNP Paribas started coverage on shares of Samsara in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $46.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Samsara presently has a consensus rating of "Hold" and a consensus target price of $51.29.

Insider Buying and Selling

In related news, CAO James Andrew Munk sold 1,093 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total transaction of $51,709.83. Following the completion of the transaction, the chief accounting officer now owns 319,667 shares of the company's stock, valued at $15,123,445.77. This trade represents a 0.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 5,008 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $47.30, for a total value of $236,878.40. Following the completion of the sale, the insider now directly owns 455,797 shares in the company, valued at $21,559,198.10. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,873,300 shares of company stock valued at $91,752,243 over the last ninety days. Company insiders own 60.04% of the company's stock.

Samsara Stock Down 5.2 %

Shares of IOT traded down $2.86 during trading hours on Friday, reaching $52.27. 10,742,267 shares of the company traded hands, compared to its average volume of 2,404,721. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51. The company's fifty day moving average price is $50.44 and its two-hundred day moving average price is $42.42. The company has a market capitalization of $29.08 billion, a price-to-earnings ratio of -111.21 and a beta of 1.53.

Samsara (NYSE:IOT - Get Free Report) last posted its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. The firm had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The business's revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) EPS. On average, analysts expect that Samsara Inc. will post -0.34 EPS for the current year.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.